Tapestry (NYSE:TPR) Releases FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 6.950-6.950 for the period, compared to the consensus earnings per share estimate of 6.500. The company issued revenue guidance of $8.0 billion-$8.0 billion, compared to the consensus revenue estimate of $7.8 billion.

Tapestry Trading Up 2.2%

Shares of NYSE TPR traded up $2.91 during trading on Friday, hitting $133.43. 4,316,187 shares of the company were exchanged, compared to its average volume of 2,201,738. Tapestry has a 12-month low of $76.29 and a 12-month high of $161.97. The firm has a market capitalization of $27.01 billion, a PE ratio of 55.14, a P/E/G ratio of 1.77 and a beta of 1.45. The company has a fifty day moving average price of $146.44 and a 200-day moving average price of $132.25. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.35. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business posted $1.03 EPS. Tapestry’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities research analysts expect that Tapestry will post 6.5 EPS for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is 66.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and upped their price target for the stock from $142.00 to $187.00 in a report on Friday. BTIG Research reaffirmed a “buy” rating and issued a $180.00 price target on shares of Tapestry in a research report on Friday. Telsey Advisory Group boosted their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.67.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Todd Kahn sold 39,815 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the transaction, the chief executive officer directly owned 120,578 shares in the company, valued at approximately $18,248,274.52. The trade was a 24.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is currently owned by company insiders.

Key Headlines Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks article

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP lifted its stake in Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after buying an additional 3,495 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Tapestry in the 1st quarter valued at $493,000. Sivia Capital Partners LLC acquired a new position in shares of Tapestry during the second quarter worth about $602,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Tapestry in the second quarter valued at approximately $6,307,000. Finally, Brown Advisory Inc. lifted its holdings in Tapestry by 13.8% in the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock valued at $319,000 after acquiring an additional 439 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.